AmEx Buys Kabbage in SMB Solutions Move
The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."
Reduced T&E Spending Continues to Hit AmEx
AmEx is "in a tricky situation because they have a large corporate book and a big T&E book and those are the parts in the world’s economies that are weak."
AmEx Takes Profit Hit, Plans Spending Cuts
"The first two months of 2020 continued the strong momentum we have delivered over the past two years, but we’re now in a different world."
American Express Shares Jump on Revenue Gain
The Q4 results "demonstrate the success of our strategy to generate sustainable, profitable growth across the enterprise over the long term.”
American Express Beats Q2 Earnings Estimates
Performance was driven by “a well-balanced mix of spending volumes, lending income, and card fees.”
American Express Buys Restaurant Booking Service Resy
This is the third acquisition of a dining-industry platform for American Express in less than two years.
Amex, Amazon Rolling Out Small-Biz Credit Card
Amazon Prime members can choose between a 90-day interest-free period and 5% cash back.
Tax Law Knocks American Express Into the Red
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
Rewards Spending Cuts Into AmEx Profit
The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.
AmEx Sales Drop 2% to $7.9B, Beat Estimates
The company has been more aggressively marketing its products and making changes to the Platinum Card to recover from the loss of its Costco partnership.
Companies See Growth Overseas, Despite Post-Election Concerns
Ninety percent of 500 companies surveyed agree international markets offer considerable growth opportunities.